E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/17/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $25.18 million Accelerated Return Notes linked to Facebook stock

By Toni Weeks

San Luis Obispo, Calif., June 17 - Barclays Bank plc priced $25.18 million of 0% Accelerated Return Notes due July 3, 2014 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the stock, subject to a maximum return of 32.75%. Investors will be fully exposed to any decline in the stock.

The final stock price will be the average of the closing prices on the five calculation days ending June 26, 2014.

BofA Merrill Lynch is the agent.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying stock:Facebook, Inc. (Nasdaq: FB)
Amount:$25,177,640
Maturity:July 3, 2014
Coupon:0%
Price:Par of $10.00
Payout at maturity:If stock return is positive, par plus 300% of stock return, subject to maximum payout of par plus 32.75%; 1% loss for every 1% decline
Initial share price:$23.54
Final share price:Average of the closing prices on the five calculation days ending June 26, 2014.
Pricing date:June 13
Settlement date:June 19
Agent:BofA Merrill Lynch
Fees:1.75%
Cusip:06742D705

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.